New year, new ewe
The lamb market kicked off 2023 slightly lower than where we said goodbye in 2022. The first reported sale week pinned the Eastern States Trade Lamb Indicator at 713¢, down 7¢ from Decembers close. Mutton made a slight comeback though, with a dearer trend in most states. The NLRS saleyard report from Wagga quoted improved […]
USDA- swings and roundabouts
Last night the USDA released their January World Agricultural Supply & Demand Estimates (WASDE) report. While the report held little for the wheat bulls, it certainly gave the corn and soybean market a boost. The USDA cut harvested corn by 1.6million acres, which more than countered the increase in yield. The resultant cut of over […]
Has the sky fallen on steers?
The start of 2023 has been marred by a huge fall in the EYCI- it’s not supply driven, as numbers are similar to when the markets closed in December 2022. Demand for young cattle, and restocking seems to have taken a hit- the question is whether it’s transitory, as buyers remain in holiday mode (which […]
A good opening for the wool market
While the opening 2023 sales results varied depending on quality, it was a general feeling of satisfaction that despite global uncertainty the wool market posted a solid opening this week. It was noticed that where there was better style (quality) wool, the market indicators pushed higher. This was notable in Sydney & Melbourne especially, where […]
